Earthstone Energy Leases Office Space At 1400 Woodloch Forest Drive In The Woodlands, TX
1400 Woodloch Forest Drive, The Woodlands, Texas 77380, United States
Building Size
28,894 SF
Asset Type
Office
Closing
Nov 5, 2022
About this deal
AI
The Woodlands, TX has witnessed a recent lease transaction involving an office property located at 1400 Woodloch Forest Drive. This space spans a total area of 28,894 square feet, making it suitable for various office purposes.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1400 Woodloch Forest Drive, The Woodlands, TX
- Market: The Woodlands, TX
- Landlord: Woodlands Office Equities -’95, LLC
- Tenant: Earthstone Energy
The property was leased by Earthstone Energy, a company that specializes in energy exploration and production. Representing the landlord, Woodlands Office Equities -’95, LLC, were Norm Munoz, Jillian Fredericks, and Robert Parsley from Colliers. On the tenant's side, John Hornbuckle from Cypressbrook Company acted as their representative in this lease deal.
On the Map
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93